3. Kiwi dollar surges: The US dollar index was little changed overnight, while the announcement of a new central bank Governor gave the Kiwi dollar a big boost. The AUD also caught a bid off its recent lows, while the UK pound was again the worst performer among major currencies as markets assess the degree of uncertainty around Brexit negotiations.

4. Data today: This morning there’s NAB’s business survey at 11:30am AEDT, which could be interesting after conditions hit a record high in the previous month. There’s also September quarter house price data from the ABS and HIA new home sales. Then tonight there’s UK inflation data and Germany’s widely-read ZEW business survey.

5. Looking ahead: The head of Blackrock’s $US1.7 trillion bond fund told Business Insider his biggest fear next year is market complacency as central banks withdraw record stimulus measures. And a Barclay’s survey of over 700 institutional clients found that geo-political concerns are seen as the main risk event next year.

6. China worries: Chinese authorities have renewed their focus on reigning in excessive leverage since the 19th National Congress in October. This summary from Bloomberg shows six ways in which the crackdown could hurt Chinese growth, with analysts forecasting that Chinese stocks will trade below current levels for much of next year.

Have a great day.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.